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stock market news and analysis for May 22, 2025, highlighting the S&P 500 closing nearly unchanged due to investor concerns about rising bond yields influenced by a recently passed tax bill in the House of Representatives. Commentary from financial experts offers mixed perspectives on the long-term economic impact of this legislation, while Fed Governor Waller indicates potential interest rate cuts later in the year. The article also covers the performance of specific stocks like Urban Outfitters and Snowflake after their earnings reports, notes a new IPO, and reports on economic indicators like jobless claims and purchasing manager indexes.